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Monday, 12 February 18
PANAMAX: WITH LIMITED FRESH ENQUIRY IN ALL AREAS, SPOT MARKET RATES DRIFTED LOWER THROUGHOUT THE WEEK - BALTIC BRIEFING
.jpg) Capesize
A switch to the Atlantic with rates firming as charterers seemed keen to fix and tonnage was tight, prompting a recovery in rates. Transatlantic coal runs were paying near the mid-teens for standard capes with rates tipping over US$9.00 for the Colombia/Continent coal run. Charterers with INL breach cargoes had to pay a hefty premium with a cargo booked from Port Cartier to Rotterdam at US$9.30. Brazil/China activity also increased, absorbing the ballasters with a 10-19 March 170,000-tonne 10% cargo fixed from Tubarao to Qingdao at US$16.75. In the east, miners were slow to show their hands but Rio Tinto continued to absorb tonnage fixing in the mid-US$6.00s with rates largely flat but there was talk as the week closed out that an operator fixed an end February cargo at US$6.80 but this was denied. Timecharter rates improved slowly with well-described 180,000 tonners open mid-China fixing around US$14,500 daily. Period interest was maintained with sentiment seemingly still positive going forward.
Panamax
With limited fresh enquiry in all areas, spot market rates drifted lower throughout the week. Conversely period rates remained strong with a modern kamsarmax open South China fixed for five to seven months at US$14,000, with ongoing interest from charterers to take forward cover despite the nearby market being fragile leaving the gap between spot and period unusually wide. In the Pacific, the smaller sizes came under the most pressure and hopes of a pre Chinese New Year rush failed to materialize with only Indonesia seeing a good volume of fixing. Owners also began to concede lower levels as the east coast South America market looked less attractive, with the large number of ballasters beginning to impact on rates there and fixing now predominantly on an aps basis. The Atlantic market remained relatively slow all week, again early vessels struggled to cover with little fresh business appearing. Last Monday, a modern 78,000-dwt vessel was reported on subjects at US$11,750 for an Atlantic round voyage but subsequently failed, only to re-fix towards the end of the week at around US$9,500 to US$9,750 for similar business.
Supramax
With the run up to the Chinese New Year celebrations, the past few days have seen routes across the board losing ground. Very little period activity was reported but a 63,300-dwt was fixed basis delivery Singapore four to six months trading redelivery worldwide at US$12,250 daily.
The Atlantic struggled in many areas and brokers advised that a build-up of tonnage from east coast South America and little fresh enquiry from US Gulf lead to a fall in rates. A 58,000-dwt was reported fixed delivery South West Pass for a trip to the Mediterranean at US$18,000 and later in the week an ultramax was reported to have fixed at similar levels again for a trip to the Mediterranean. Very little was seen from the Continent although a 63,000 was fixed for a scrap run to Turkey at US$12,000.
The Asia market also saw a sluggish week. A 52,000-dwt was fixed basis delivery Hibikinada for a trip to west coast India at US$6,500. A 58,000-dwt went for delivery Cebu for a trip via Indonesia redelivery India at US$11,250. A 56,700-dwt open Singapore 10 Feb was booked for a trip via Indonesia redelivery south China US$9,500. It remains to be seen what further impact of the Chinese festivities will have on the market.
Handysize
In the last week before the Chinese New Year the market tended to slow as expected. Brokers suggested there had been a lack of fresh cargo in both the Atlantic and Pacific market with negative sentiment on both small and large-sized handy vessels. Period fixtures reported from the east remained sketchy, including a two laden leg trip paying US$9,000 daily on a 33,000-dwt basis Zhoushan delivery and worldwide redelivery.
A 32,000-dwt open Rotterdam was booked to move scrap cargo to the east Mediterranean at US$8,000 daily. Another similar-sized open Canakkale was fixed for a trip to the Continent-ARA-Ghent range at approximately UUS$8,000 daily. Steel trips paid US$7,000 to US$8,000 daily on vessels open CJK to redeliver in Southeast Asia.
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Wednesday, 21 February 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
2017 proved to be a relatively good year with positive margins for the Dry Bulk market. Especially during the last quarter of the year everyone can ...
Tuesday, 20 February 18
INDIA: COAL IMPORT RISES BY 12 PER CENT TO 18 MILLION TONNES IN JANUARY - PTI
The country’s coal import increased by 12.4 per cent to 18.49 million tonnes (MT) in January, against 16.
44 MT in the same month of the ...
Monday, 19 February 18
JOINT INSURANCE - WHY SHOULD YOU CARE? - SKULD
KNOWLEDGE TO ELEVATE
It is neither controversial nor new to say that co-assureds under a joint insurance policy cannot claim against each othe ...
Friday, 16 February 18
U.S. WEEKLY COAL OUTPUT DOWN 4.5 PER CENT WEEK OVER WEEK, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.2 million short tons ...
Thursday, 15 February 18
INDIA: THERMAL POWER PLANTS UNDER STRESS ON RISING COAL, FREIGHT COSTS - BUSINESS STANDARD
Coal-based power plants are feeling the heat of spike in thermal grade coal prices and railway freight costs.
Prices of thermal grade coal sin ...
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Showing 1801 to 1805 news of total 6871 |
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- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- The University of Queensland
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Planning Commission, India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
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